There are many homeowners insurance companies that offer benefits and savings to seniors living in Lodi California. Another great feature that may be appealing to seniors is the identity and fraud protection that some home insurance companies may offer.
What are the best insurance companies for seniors?
When you’re looking for a good insurance company you’re going to want to find one with great reviews so you know they treat their customer the right way. There are many to choose from and it may get overwhelming.
This is where a reputable family owned homeowners insurance agency like Eugene C Yates Insurance Agency can help! We have agents that are incredibly knowledgable when it comes to the discounts geared towards seniors.
They can help you find a policy that covers all of your needs and that’s affordable and fit’s into your budget. Give us a call today at 209-339-1130. We’re nice people and we have great rates on homeowners insurance!
Will homeowners insurance have higher premiums for seniors?
Age plays a very small role in determining the cost of your homeowners insurance policy. The age of your property will play a bigger role. As well as the location, your personal claims history and the risks involved.
Although, as a senior citizen you may qualify for discounts to help you save money on your homeowners insurance rates. You’ll want to speak to your agent to find out the finer details and what benefits are involved.
What are the best homeowners insurance discounts for seniors?
There are many homeowners insurance companies that may offer discounts to seniors. Some of the more common examples are as follow;
Retiree credits;
If you are a retired homeowner you may qualify for a premium discount on your insurance policy. Most retiree’s are at home more often. By being home you’re able to spot any issues sooner and potentially stop a claim before it happens.
If a fire broke out, you may be able to put it out faster. You could have a plumbing disaster and are at home in time to catch it. Being home to monitor possible issues means less risk to your homeowners insurance company. Less risk usually results in lower premiums.
Please keep in mind, each state and homeowners insurance company has their own set of rules and regulations you must follow. To find the exact information you’re looking for, please always reach out to a professional for help.
What is the recommended homeowners insurance coverage for seniors?
For many of us, our homes are our retirement investment. Because of this it is very important that we carry the amount of homeowners insurance coverage necessary to cover a full rebuild if the worst were to happen.
Your standard home insurance policy will cover these basics;
- Dwelling/structure
- Liability
- Personal belongings
- Additional living expenses
You’re going to want to speak to a professional to calculate home replacement cost. Please ensure your dwelling coverage accurately shows the amount necessary.
The replacement cost is the cost associated with the amount to rebuild the home from ground up. The dwelling coverage limit is the basis of your personal property coverage limit.
The liability coverage portion of your homeowners insurance policy is in place to protect you if someone is hurt on the property or you’re sued. It can cover medical expenses, legal fees and more.
Personal belongings coverage is designed to cover your valuables within the home. This portion of your policy can cover jewelry, electronics and other items of value is they are damaged or stolen.
The additional living expenses section of your home insurance policy will cover you if you are unable to live in the home and run in additional costs for eating out or staying in hotels. This portion of your coverage can also pay for lost rent if a portion of the home is used as a rental.
Wrapping up; homeowners insurance for seniors isn’t all that different from your standard homeowners insurance policy. Maybe one of the main benefits is you may qualify for a discount!
If you’re in California and want to get a great rate on your home insurance, give us a call at 209-339-1130.